Plan Snapshot
- Plan Sponsor: American Credit Acceptance, LLC
- Sponsor EIN: 260150727
- Sponsor Address: 961 E MAIN ST, SPARTANBURG, SC, 29302
- Plan Type: 401(k)
- Total Participants: 941
- Total Assets: $26.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 941 | $26.6M | $2.1M | $2.9M |
| 2023 | 912 | $22.4M | $1.9M | $2.7M |
| 2022 | 967 | $17.1M | $1.9M | $2.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GOSNELL MENARD ROBINSON INFANTE CPA | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $90,806 | $11,798 | $79,008 | — | — |
| 2023 | $74,226 | $9,151 | $65,075 | — | — |
| 2022 | $65,239 | $8,367 | $56,872 | — | — |